An analysis of agricultural biologicals market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.
Europe and North America accounted for major shares of global agricultural biologicals market. Europe agricultural biologicals market is expected to grow at a fastest growth rate in the coming years owing to the government regulations supporting use of organic products. The U.S. leads the North America regional market, due to stringent regulations regarding the usage of chemical fertilizers. The market shall witness moderate growth in Asia Pacific due to lack of awareness and knowledge among farmers pertaining to benefits of bio-based products.
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Global Agricultural Biologicals Market size is likely to witness a significant CAGR during the forecast period. The use of agricultural biologicals for cultivation/farming reduces the use of harmful fertilizers and chemical pesticides, which acts as a primary factor driving the market growth.
The key factor responsible for agricultural biologicals market size growth is the increasing awareness among consumers about the advantages of using organic products for cultivation, which further led to increased demand for natural and environment friendly products in agriculture industry. Also, the rising costs of pesticides and fertilizers is likely to pave a growth path for the product in the coming years. Policies by governing bodies such as subsidies and promotional campaign about natural farming will fuel the market growth over the forecast period. Moreover, the product helps farmers to improve yield and productivity by decreasing plant stress, which is a major factor supporting further growth of agricultural biologicals market till 2025.
Constant usage of toxic pesticides and fertilizers has altered soil nutrients and texture to a considerable extent. This loss of biological activities in soil and weakened soil health, thereby compelling farmers to opt for organic farming practices. Agricultural biologicals are a vital part of organic farming due to its chemical-free and eco-friendly properties such as low harmful residues produced.
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The prominent market players functional in the industry are BASF SE, Bayer Cropscience AG, The DOW Chemical Company, Syngenta, Agrinos AS, Marrone Bio Innovations Inc. and Valent BioScience Corporation. Other companies include Arysta LifeScience Corporation, Koppert B.V., Novozymes, Certis USA L.L.C and T. Stanes & Company Limited to name a few.
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